Worldteach INC: FY2024 Nonprofit Profile & Form 990 (EIN 04-3136110)

Revenue by fiscal year
FY2021	$55K
FY2022	$56K
FY2023	$85K
FY2024	$68K
FY2024	$81K

Expenses by fiscal year
FY2021	$91K
FY2022	$92K
FY2023	$90K
FY2024	$111K
FY2024	$13K

Net assets by fiscal year
FY2021	$1.7M
FY2022	$1.5M
FY2023	$1.5M
FY2024	$1.5M
FY2024	$1.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

100%

Management & general 100% · $111K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Michael Kremer

President

$0Pt VII · Sec A

Scott Leland

Treasurer

$0Pt VII · Sec A

Dan Levy

Director

$0Pt VII · Sec A

Charles Maccormack

Director

$0Pt VII · Sec A

Charito Kruvant

Director

$0Pt VII · Sec A

Shelley London

Director

$0Pt VII · Sec A

See Worldteach INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Sends volunteer teachers to developing countries to boost economies and global understanding.

Provided by the organization

This section is blank until Worldteach INC claims this page.

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1 program service, described in the organization's own filed words · FY2023.

01

As of december of 2019, worldteach, inc. Ceased all progammatic activities.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2023

Amazonsmile FoundationFY2023$42

Total grants receivedfrom 1 funder$42

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$68K

Ln 12

Investment incomeLn 3$68K

Gifts and grantsLn 1h$232

Money outPt IX

$111K

Ln 25

Managementcol C$111K

Owns and owesPt X

$1.5M

net assets · Ln 32

Cash and savingsLn 1–2$159K

Total assetsLn 16$1.5M

LiabilitiesLn 26$2K

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$232

Investment incomeLn 3$68K

Total revenueLn 12$68K

Assets in detailPt X, end of year

CashLn 1$159K

Cash and savings togetherLn 1–2$159K

InvestmentsLn 11–13$1.3M

Total assetsLn 16$1.5M

LiabilitiesLn 26$2K

Net assetsLn 32$1.5M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$24K	$159K
InvestmentsLn 11–13	$1.5M	$1.3M
Total assetsLn 16	$1.5M	$1.5M
LiabilitiesLn 26	$0	$2K
Net assetsLn 32	$1.5M	$1.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$88K		$88K
Other employee benefitsLn 9	$7K		$7K
Payroll taxesLn 10	$7K		$7K
Accounting feesLn 11c	$2K		$2K
Office expensesLn 13	$143		$143
Information technologyLn 14	$1K		$1K
OccupancyLn 16	$1K		$1K
InsuranceLn 23	$3K		$3K
Other expenses (24a–d)Ln 24	$2K		$2K
Total functional expensesLn 25	$111K	$0	$111K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Viewing	$68K	$111K	−$43K	$1.5M	990 PDF
FY2023	$85K	$90K	−$5K	$1.5M	990 PDF
FY2022	$56K	$92K	−$36K	$1.5M	990 PDF
FY2021	$55K	$91K	−$36K	$1.7M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (4 parts)

Part VIII · Statement of revenue $68,454 across 5 lines filed

VIII-1f All other contributions, gifts and grants$232

VIII-1h Total contributions, gifts and grants$232

VIII-3 Investment incomeExcluded from tax $68,222$68,222

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueExcluded from tax $68,222$68,454

Part IX · Statement of functional expenses $111,292 across 9 lines filed

IX-7 Other salaries and wagesManagement $88,348$88,348

IX-9 Other employee benefitsManagement $6,770$6,770

IX-10 Payroll taxesManagement $6,632$6,632

IX-11c Accounting feesManagement $2,000$2,000

IX-13 Office expensesManagement $143$143

IX-14 Information technologyManagement $1,057$1,057

IX-16 OccupancyManagement $1,495$1,495

IX-23 InsuranceManagement $3,225$3,225

IX-24 Other expenses (24a–d)Management $1,622$1,622

IX-25 Total functional expensesPrograms $0 · Management $111,292 · Fundraising $0$111,292

Part X · Balance sheet $1,471,212 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $23,792$159,304

X-11 Publicly traded securitiesStart of year $1,468,598$1,311,908

X-16 Total assetsStart of year $1,493,561$1,471,212

X-17 Accounts payable and accrued expenses$2,000

X-26 Total liabilitiesStart of year $0$2,000

X-27 Net assets without donor restrictionsStart of year $1,393,561$1,369,212

X-28 Net assets with donor restrictionsStart of year $100,000$100,000

X-32 Total net assets or fund balancesStart of year $1,493,561$1,469,212

X-33 Total liabilities and net assetsStart of year $1,493,561$1,471,212

Part XI · Reconciliation of net assets $1,469,212 net assets at year end

XI-1 Total revenue$68,454

XI-2 Total expenses$111,292

XI-3 Revenue less expenses−$42,838

XI-4 Net assets at start of year$1,493,561

XI-5 Net unrealized gains (losses) on investments$18,489

XI-10 Net assets at end of year$1,469,212

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Worldteach INC FY2024 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV